N.V. Koninklijke Porceleyne Fles (NL:PORF)
:PORF
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N.V. Koninklijke Porceleyne Fles
(PORF)
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Rating:49Neutral
Price Target:
€12.00
▼(-4.00% Downside)
Action:Reiterated
Date:05/15/26
Overall score reflects pressured financial quality (notably the swing to negative operating/free cash flow and the 2025 revenue drop) and a weak technical setup (trading below key moving averages with negative MACD). These are partially offset by a reasonable P/E and a strong dividend yield.
Positive Factors
Heritage brand and artisanal niche
Royal Delft’s position as a recognized maker of handcrafted Delft Blue ceramics provides a durable brand moat. Heritage appeal and artisanal differentiation support pricing power, repeat tourism/visitor revenue and licensing/workshop income that are resilient to short-term fluctuations.
Negative Factors
Materially negative operating cash flow in 2025
The shift to materially negative operating cash flow in 2025 is a durable concern: ongoing negative OCF undermines the ability to fund working capital, capex and dividends internally. With moderate leverage, persistent cash burn would force external financing or cutbacks, reducing strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Heritage brand and artisanal niche
Royal Delft’s position as a recognized maker of handcrafted Delft Blue ceramics provides a durable brand moat. Heritage appeal and artisanal differentiation support pricing power, repeat tourism/visitor revenue and licensing/workshop income that are resilient to short-term fluctuations.
Read all positive factors
N.V. Koninklijke Porceleyne Fles (PORF) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€12.86M
Dividend Yield4.58%
Average Volume (3M)52.00
Price to Earnings (P/E)15.6
Beta (1Y)0.08
Revenue Growth9.39%
EPS GrowthN/A
CountryNL
Employees63
SectorConsumer Goods
Sector StrengthN/A
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)0.60
Shares Outstanding1,037,063
10 Day Avg. Volume29
30 Day Avg. Volume52
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.71
Price to Sales (P/S)1.30
P/FCF Ratio-4.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
N.V. Koninklijke Porceleyne Fles Business Overview & Revenue Model
Company Description
N.V. Koninklijke Porceleyne Fles, commonly known as Royal Delft, is a renowned manufacturer of high-quality ceramic tableware and decorative items, specializing in traditional Delft Blue pottery. Established in 1653, the company is located in the ...
How the Company Makes Money
The company makes money primarily by selling ceramic products produced under the Royal Delft/Porceleyne Fles brands. Key revenue streams include (1) direct-to-consumer sales through its own channels (e.g., branded retail and/or online sales) and (...
N.V. Koninklijke Porceleyne Fles Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
57
Neutral
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.54M | 8.72M | 8.40M | 7.10M | 4.94M |
| Gross Profit | 2.60M | 7.54M | 7.22M | 6.18M | 4.18M |
| EBITDA | 1.28M | 1.42M | 1.45M | 1.79M | 1.48M |
| Net Income | 626.00K | -57.00K | 147.00K | 508.00K | 535.00K |
Balance Sheet | |||||
| Total Assets | 37.63M | 37.23M | 37.31M | 37.40M | 35.07M |
| Cash, Cash Equivalents and Short-Term Investments | 895.00K | 1.49M | 103.00K | 1.26M | 4.03M |
| Total Debt | 16.11M | 16.78M | 16.20M | 17.30M | 15.88M |
| Total Liabilities | 19.36M | 19.60M | 19.62M | 19.88M | 18.11M |
| Stockholders Equity | 17.45M | 16.86M | 16.96M | 16.82M | 16.31M |
Cash Flow | |||||
| Free Cash Flow | -2.75M | 745.00K | 2.17M | -898.00K | 694.00K |
| Operating Cash Flow | -2.10M | 1.63M | 2.58M | 1.78M | 1.50M |
| Investing Cash Flow | 2.38M | -685.00K | -2.44M | -5.88M | -2.70M |
| Financing Cash Flow | -871.00K | 435.00K | -1.30M | 1.34M | 1.44M |
N.V. Koninklijke Porceleyne Fles Technical Analysis
Negative
12.50
Price Trends
14.25
Positive
13.08
Positive
12.42
Positive
Market Momentum
0.08
Positive
52.35
Neutral
98.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:PORF, the sentiment is Negative. The current price of 12.5 is below the 20-day moving average (MA) of 14.46, below the 50-day MA of 14.25, and above the 200-day MA of 12.42, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 52.35 is Neutral, neither overbought nor oversold. The STOCH value of 98.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:PORF.
N.V. Koninklijke Porceleyne Fles Peers Comparison
UnderperformOutperform
Sector (57)
NL:PORF
N.V. Koninklijke Porceleyne Fles
12.40
1.37
12.39%
NL:BEVER
N.V. Bever Holding
2.50
-0.20
-7.41%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.